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Macerich history
Macerich company history timeline
Dana Anderson joined the company in 1966, beginning a Macerich career that would span more than 35 years.
1972: Macerich acquires its first shopping mall.
Macerich teamed with Provident Life and purchased the property in 1975.
Macerich tripled its acquisition total in 1995, becoming the fifth fastest-growing acquisition company in the nation after purchasing properties in Salisbury, Maryland; Capitola, California; and New York City.
In 1996, when Macerich ranked as the second fastest-growing acquisition company in the country, it added 6.1 million square feet to its portfolio through the purchase of seven properties.
The company acquired more retail projects than any other developer in 1997, adding 14.5 million square feet to its portfolio through the addition of 16 properties.
By 2000, Macerich stood as a rising force in its industry, its reputation as the "Mall Doctor" known throughout the country.
In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties's portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio including Tysons Corner Center.
On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group, claiming that the offer undervalued the company.
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Macerich competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Simon Property Group | 1993 | $6.0B | 3,300 | 174 |
| Kimco Realty | 1958 | $2.0B | 484 | 24 |
| Forest City Realty Trust | 1920 | $911.0M | 1,548 | - |
| Taubman | 1950 | $661.1M | 420 | - |
| PREIT | 1960 | $432.7M | 233 | 1 |
| Washington Prime Group | 2014 | $524.4M | 845 | 2 |
| Federal Realty Investment Trust | 1962 | $1.2B | 313 | 18 |
| Nordstrom | 1901 | $15.0B | 74,000 | 930 |
| BCM International | 1900 | $170.0M | 750 | - |
| Credible | 2012 | $21.4M | 150 | 7 |
Macerich history FAQs
Zippia gives an in-depth look into the details of Macerich, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Macerich. The employee data is based on information from people who have self-reported their past or current employments at Macerich. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Macerich. The data presented on this page does not represent the view of Macerich and its employees or that of Zippia.
Macerich may also be known as or be related to MACERICH CO, Macerich, Macerich Co, Macerich Co. and The Macerich Company.